Active
1072 Ski Run Boulevard
South Lake Tahoe CA, 96150
$5,790,000
$603.13 per sqft
Active
9,600 sqft
Other
Built in 1969
Welcome to Alder Inn, a boutique hotel near Lake Tahoe's South Shore, and Heavenly Mountain Ski Resort. Offered at $5.79M with an actual CapRate of 9% and a supporting ProForma Cap of 11%+. We have additional financials, photos, and STR reports available to any qualified buyer upon request.Spanning 9,600 square feet, Alder Inn boasts 26 updated units. The layout includes 12 Single Kings, 5 Single Queens, 6 Double Queens, and 1 ADA accessible Single Queen. Additionally, a versatile Manager's Unit offers potential for future rental either as a spacious 3-bedroom, 2.5-bathroom unit or two separate units, adding to its functionality.Alder Inn has recent upgrades including: new TVs in 15 rooms, stylish flooring renovations, and air conditioning in all upstairs units. The manager's unit features a new deck, and the property boasts an upgraded lawn area perfect for summer activities.Alder Inn is a turn-key operation, active on major booking platforms, ensuring a smooth transition for new owners looking to manage and grow this thriving business.Value Add Opportunities: Reimagine the pool and spa area, create a lively space for guest to enjoy outdoors, expanding on the already existing resort feel of the property.Discover the Alder Inn, a unique investment opportunity that stands out in the hospitality market for its perfect mix of location, varied accommodations, recent upgrades, solid financials, and operational readiness.
140942
MLSⓇ ID
November 1, 2024
Listed
November 22, 2024
Updated
Map
1072 Ski Run Boulevard
South Lake Tahoe CA, 96150
Interior Features
Total Stories
2
Floor Description
Carpet, Wood
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Natural Gas
Exterior/Building Features
Lot Size
0.57 Acres
Roof
Composition
Other Property Details
Area Name
Stateline
Garage
No
View
No
County
El Dorado
Pool
No
Zoning
Commercial
Listed by Compass, Ryan S Smith,
Listing Contact: 530-545-0045
Based on information from the South Tahoe Association of REALTORS® MLS as of 10:00 PM UTC, 11/22/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Haily Mitchell shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 South Tahoe Board of REALTORS®. All rights reserved.
Data last updated 10:00 PM UTC, 11/22/2024